How much does Cornwall Insight Ltd make?

Cornwall Insight Ltd reported revenue of £8.4m and a loss of £2m in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Cornwall Insight Ltd have?

Cornwall Insight Ltd reported an average of 92 employees in the year to 31 Mar 2023.

Is Cornwall Insight Ltd profitable?

No — Cornwall Insight Ltd reported a loss of £2m in the year to 31 Mar 2023.

Company No. 05379768 · Incorporated 1 Mar 2005

Cornwall Insight Ltd

Registered name: CORNWALL INSIGHT LTD

Part of Bowmark Capital LLP group

Cornwall Insight Ltd made £8.4m revenue and a £2m loss in the year to 31 Mar 2023.

Cornwall Insight Ltd’s revenue grew 15% to £8.4m in the year to 31 Mar 2023, with a loss of £2m and 92 employees. The company is classified under “other publishing activities” and is based in Norwich; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58190Other publishing activities

Status: Active
Location: Norwich, East of England
Age: 21 yrs · since 2005
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Mar 2023

Key figures

Revenue

£8.4m

Growth ▲15.1%

Profit

−£2m

Growth ▼277.6%

Profit margin

−24.2%

Gross 65.9%

Employees

Change ▲21.1%

Profit / employee

−£22k

Revenue/employee £90.9k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£7.3m	£8.4m
Cost of sales	£2.4m	£2.9m
Gross profit	£4.9m	£5.5m
Operating profit	£1.3m	−£2.8m
Profit before tax	£1.4m	−£2.9m
Profit after tax	£1.1m	−£2m
Profit (best available)	£1.1m	−£2m
Staff costs	£3.9m	£4.6m
Employees (average)	76	92
Ratios
Profit margin	15.7%	−24.2%
Gross margin	66.8%	65.9%
Revenue per employee	£95.6k	£90.9k
Profit per employee	£15k	−£22k
Growth (year on year)
Revenue growth	—	▲15.1%
Profit growth	—	▼277.6%
Headcount growth	—	▲21.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£1m	£1.4m
Net assets	£4.4m	£2.3m
Fixed assets	£788k	£1m
Current assets	£7.7m	£5.7m
Debtors	£1.9m	£2.3m
Deferred income	£2.3m	£2.8m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: −24.2%; Profit ÷ revenue.
Gross margin: 65.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £90.9k; Revenue ÷ average employees.
Profit per employee: −£22k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 12.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 33.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 27.7%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼46%; Now £2.3m
Cash at bank: ▲35%; Now £1.4m
Headcount: ▲21%; Now 92
Deferred income: ▲20%; Now £2.8m
Fixed assets: ▲32%; Now £1m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Bowmark Capital LLPultimate parent75–100%
Bowmark Capital (Holdings) Limited75–100%
Bowmark Capital Partners GP Limited75–100%
Bowmark Growth GP LLP50–75%
Canary (Midco 1) Limited75–100%
Canary (Midco 2) Limited75–100%
Canary (Bidco) Limited75–100%
Cornwall Insight Group Limited75–100%
Cornwall Insight Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Pixie Energy LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2023 (profit −£2m), from the Companies House accounts bulk data published Dec 2023. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.